We're excited to announce that OKX will launch USDT-margined perpetual futures trading for NEIROETH, BRETT, and CAT on September 6, 2024. The listings will occur sequentially between 10:00 am and 10:30 am UTC, with full accessibility across web, app, and API platforms.
Listing Schedule
- NEIROETH/USDT → 10:00 am UTC
- BRETT/USDT → 10:15 am UTC
- CAT/USDT → 10:30 am UTC
👉 Trade NEIROETH futures with up to 20x leverage
Contract Specifications
NEIROETHUSDT Perpetual Futures
| Feature | Details |
|---|---|
| Underlying Index | NEIROETH/USDT |
| Settlement Currency | USDT |
| Face Value | 100 |
| Tick Size | 0.00001 |
| Leverage | 0.01–20x |
| Funding Fee Formula | Clamp(MA([(Best bid + Best offer)/2 – Spot index price]/Spot index price), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
Index Constituents:
- Bybit (42.86%)
- Gate (28.57%)
- MEXC (28.57%)
BRETTUSDT Perpetual Futures
| Feature | Details |
|---|---|
| Leverage | 0.01–50x (Highest among the three) |
| Tick Size | 0.00001 |
| Other Terms | Same as NEIROETHUSDT |
Index Constituents:
- Bybit (42.86%)
- Gate (28.57%)
- KuCoin (28.57%)
👉 Maximize opportunities with BRETT’s 50x leverage
CATUSDT Perpetual Futures
| Feature | Details |
|---|---|
| Face Value | 100,000 (Unique to CAT) |
| Tick Size | 0.00000001 |
| Leverage | 0.01–20x |
Index Constituents:
- Gate (25%)
- MEXC (25%)
- KuCoin (25%)
- BitMart (25%)
Key Notes
- Funding Fee Cap: Temporarily reduced to 0.03% until 4:00 pm UTC on September 6, 2024, to mitigate premium instability. Normal cap (1.50%) resumes thereafter.
- Price Limits: Aligns with OKX’s standard perpetual futures rules.
FAQ Section
Q: What time do CAT futures start trading?
A: CAT/USDT perpetual futures begin at 10:30 am UTC on September 6, 2024.
Q: Which contract offers the highest leverage?
A: BRETTUSDT supports up to 50x leverage.
Q: Are funding fees charged hourly?
A: No, they’re applied at 8:00 pm UTC on September 6 for this launch period.
Q: Where can I track the index prices?
A: OKX derives indices from weighted averages across major exchanges like Bybit and KuCoin.
For further details, explore OKX’s official perpetual futures guides.
🚀 Ready to trade? Start with OKX today!